Two Money Managers Like Financial Sector

Thursday, 31 May 2007 | 3:47 PM ET

How should you manage your portfolio during the current market rally? Two money managers offered their advice on "Power Lunch."

PNC Private Wealth Management CIO Jim Dunigan likes the financial sector, as does Harin De Silva of Old Mutual Analytic Defensive Equity Fund.

He likes JPMorgan Chasein particular.

Tips for Individual Investors
Discussing whether individual investors should hang on to their market holdings or take a bit of profit, with Harin De Silva, Old Mutual Analytic Defensive Equity Fund portfolio manager; Jim Dunigan, PNC Private Wealth Mgmt. CIO; and CNBC's Erin Burnett

De Silva said that JPMorgan, along with Arrow Electronics , which provides electronic components and computer products, are both relatively cheap stocks.

If you're looking to short stocks, De Silva feels that Gentex Corporation, an electronics component manufacturer, is an appropriate choice due to high stock price.

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  • Sue Herera is a founding member of CNBC, helping to launch the network in 1989. She is co-anchor of "Power Lunch."

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Kenny Polcari